| | Searching Current Courses For Fall 2016 |
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Course: |
REE 126
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Title: | Residential Appraisal Site Val |
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Long Title: | Residential Appraisal Site Val |
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Course Description: | Develop a basic understanding of the factors that influence residential site values. Use market data to develop the replacement cost, depreciation factors, and site improvement costs to develop a cost approach to value for residential properties. |
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Min Credit: | 1 |
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Max Credit: | |
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Status Notes: | Entered new course 3/15/06 s@ |
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Origin Notes: | EGOS |
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STANDARD COMPETENCIES:
I. Describe different techniques for site valuation.
II. Solve site valuation problems.
III. Describe steps in the cost approach.
IV. List and define the different forms of depreciation.
V. Use the different methods used to estimate depreciation.
VI. Use the concepts of economic life and effective age.
VII. Understand the basics of construction of residential building.
TOPICAL OUTLINE:
I. Importance of site valuation.
II. Site valuation in relation to highest and best use.
III. Techniques for site valuation.
IV. Plottage and assemblage.
V. Applications of the cost approach and basic principles of contribution.
VI. Using market data and cost manuals to develop replacement/reproduction cost, depreciation, curable and incurable.
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